Apple Rumored To Be Cutting iPhone 5 Supply Orders Due To Low Demand

Is the iPhone 5 facing low demand? While we don’t have access to the numbers, the Wall Street Journal seems to think so and according to a recent report, they are saying that Apple has reportedly cut orders for iPhone 5 components due to “weak-than-expected demand” for the device. The publication claims that Apple has cut orders from January-March (basically Q1 of 2013) by half, suggesting that perhaps the iPhone 5 isn’t doing as well as Apple had thought it would have. However on the flipside, some are speculating that perhaps Apple is in fact winding down stock in order to make room for a potential refresh. There have been a couple of rumors so far, one of them being that Apple could be launching a cheaper iPhone although this has since been denied by Apple’s Phil Schiller, so what could it be then? Of course these alleged cutting of orders has not been confirmed by Apple so you might want to take this news with a grain of salt, but what do you guys think? Are you starting to see less iPhone 5 devices in the street than you would have a couple of years ago with the iPhone 4/4S?